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scarcity means?

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scarcity means?

Posted by Ashi Sharma 6 years, 6 months ago

CBSE > Class 11 > Economics

3 answers

Sanskar Tiwari 6 years, 6 months ago

Limitation of resources in relation to demand for a commodity. Resources are in limited quantity , as a result good are not readily available to fulfill all the wants of consumers so this leads to scarcity of resources. "Hope this answer will help you out" ??☺️?

S K 6 years, 6 months ago

Scarcity means when supply is less than demand

Yogita Ingle 6 years, 6 months ago

Scarcity means shortage of goods and resources in relation to their demand.

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